Samsung Invests In Self-Driving Techniques

Sep

15

2017

Samsung announced Thursday that it has allocated $ 300 million in a new fund to invest in the automotive industry, including connected cars and independent driving techniques, covering artificial intelligence, computer vision, intelligent sensors, security features, cybersecurity, high-performance computing, communication solutions and safety solutions. Cars, privacy and many more.

The South Korean company also announced the establishment of a new section for independent driving techniques within Harman, a US car parts company Samsung had used earlier this year. The new division of Harman works with Samsung’s smart machines team Develop new techniques for connected vehicles.

Samsung Electronics and Chief Strategy Officer Yung Son said in a statement that during this period of extraordinary transformations in the automotive industry, the company is playing a leading role in supporting and shaping the future of smarter and more connected cars. The aim of these efforts is to bring New technologies to this market, so that they help make cars safer with the creation of a more convenient and safe navigation experience.

Samsung said it would not enter the auto industry, so it would not unveil its self-driving car any time soon, and it would instead work with automakers and other carriers to develop the next generation of automotive innovations, and the company got the same Have the appropriate licenses to test its program and equipment for automated road driving in Korea and California.

The first $ 89 million investment from Samsung’s new innovation fund goes to TTTech, a Austria-based company specializing in safety, networking, software integration for ADAS, and self-driving platforms. “In a statement, There is already a huge demand for ADAS solutions, and demand is growing rapidly with progress in auto-related and self-driving. ”

The South Korean company has for some time stepped up its efforts in the field of large-scale vehicles, including its research and development efforts in transportation-related products, and has made previous investments in battery technology for electric vehicles, including investments in Seeo in California and StoreDot.

In: Technology & Gadgets Asked By: [18721 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »


Star Points Scale

Earn points for Asking and Answering Questions!

Grey Sta Levelr [1 - 25 Grey Star Level]
Green Star Level [26 - 50 Green Star Level]
Blue Star Level [51 - 500 Blue Star Level]
Orange Star Level [501 - 5000 Orange Star Level]
Red Star Level [5001 - 25000 Red Star Level]
Black Star Level [25001+ Black Star Level]